Hey, how’s it going, guys? Thank you for tuning in. We’re going to be talking about crypto news, and on this blog we keep things short and concise. The biggest question in the XRP community is when will the lawsuit be over with the SEC versus Ripple case, let’s take a look at this blog.
I am happy to tell you, my loyal viewers, that at long last the SEC versus Ripple case has settled. Now excuse me, I have to catch a shuttle back to the moon in time for dinner. I’m glad I’m done doing these blog, so I thought this was pretty funny.
The lawsuit has been going on for a long time, but hopefully we do get clarity sometime this year, which a lot of people are expecting to happen now that we have an update from Jeremy Hogan. the second reason, Rebel, did not sell XRP as a security risk.
The recent opinion from Judge Tories provides a clue as to why she might rightly find that the extra P was not sold as a security. first look at the version of the Howie test she cites The judge states that prong three of the test is that the buyers must have thought they could profit solely from the efforts of others; that was the original test, although decisions since have softened that requirement and basically removed it from the test, which is still interesting as evidence of XRP purchasers relying on the efforts of Ripple.
The SEC retained an expert witness to provide an opinion, and no surprise, he stated what he was hired to say, but the judge specifically struck that part of his testimony in her recent order. This leaves the SEC expert witness 3 as his whole expert to testify about the third prong of the test, and expert 3 testifies in short that Ripple manipulated the price of XRP, but the question asked for the test is whether actual buyers knew anything about price manipulation when they were buying XRP, and nowhere does expert In fact, the expert states that what Ripple was doing was being done in secret, so people wouldn’t know without connecting Ripple’s actions to behavior.
The testimony fails as proof, which leaves the SEC with the cacophony of various statements made by Ripple as evidence of the third prompt. These include marketing materials, tweets, and statements that the increase in expertise price was ripple mania, and the evidence that XP buyers saw these things is not available.
Ripple, on the other hand, has witnesses that testify XRP was publicly deemed a currency and an asset, not a security. Finally, the SEC’s own expert admitted that most of the extra press movement since 2018 has no relation to anything Red Bull does, and for those reasons, the overwhelming majority of the evidence shows that XRP purchasers now rely on the efforts of Ripple, which means that Ripple should win the case, but we’ll see what happens.
We have a couple of fun facts. XRP is targeting the 1200 trillion plus derivatives in this market, which is absolutely massive. The more transactional value we have, the higher the XRP price. SBI CEOs state that every bank in Japan will use Ripple’s xrp by 2025—a bank powered by expertise exploring Ripple technology for bonds, derivatives, and foreign exchange.
Contracts and banks are currently using Ripple technology; as of now, we have extra P trading at 52 cents an eighth at 2091 and Bitcoin at 30336. That’s it for the Blog. I hope you guys enjoyed it, and I will see you guys in the next one.
